New Reach Inc
- Assets
- $19.1m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 125
- Location
- New Haven, CT
- Founding
- 05/1990
- Data as of
- 06/2022
- EIN
- 22-3037451
Organization Overview
New Reach Inc is located in New Haven, CT. The organization was established in 1990. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, New Reach Inc employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Reach Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, New Reach Inc generated $7.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $8.2m during the year ending 06/2022. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEW REACH'S MISSION IS TO INSPIRE INDEPENDENCE FOR THOSE AFFECTED BY HOMELESSNESS AND POVERTY THROUGH A CONTINUUM OF HOUSING AND SUPPORT USING THE MOST INNOVATIVE AND PROGRESSIVE METHODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH REGARD TO PREVENTION, NEW REACH'S HIGH-QUALITY AND COLLABORATIVE EVICTION PREVENTION SERVICES HELP LOW-INCOME HOUSEHOLDS TO AVERT EVICTION AND ANY ASSOCIATED TRAUMA, TO BUILD STRONG SUPPORT SYSTEMS, AND ULTIMATELY MAKE HOMELESSNESS RARE. NEW REACH'S CASE MANAGEMENT SERVICES ARE STRENGTHS-BASED, PERSON-CENTERED, AND TRAUMA-INFORMED USING THE MOST PROGRESSIVE EVIDENCE-BASED PRACTICES THAT PROMOTE CLIENT CHOICE, LONG-TERM INDEPENDENCE, AND HOUSING STABILITY.
UNDER NEW REACH'S CRISIS SERVICES UMBRELLA, THE AIM IS TO MAKE HOMELESSNESS BRIEF. NEW REACH'S SERVICES IN THE FOLLOWING PROGRAMS USE A HOUSING FIRST PHILOSOPHY OF CARE AND EVIDENCE-BASED PRACTICES TO ACCOMPLISH THIS. THE EMERGENCY SHELTER PROGRAM (ESP) HAS THE CAPACITY TO SERVE 23 WOMEN WITH CHILDREN AND 18 INDIVIDUAL WOMEN EVERY DAY (24/7) WHO HAVE EXPERIENCED HOMELESSNESS BY PROVIDING TWO SAFE, SECURE, AND SUPPORTIVE PLACES TO STAY. THE RESIDENCES ARE LOCATED IN NEW HAVEN, CT AND SERVE GUESTS FROM THE GREATER NEW HAVEN REGION. ESP GUESTS HAVE ACCESS TO ONSITE CASE MANAGEMENT, DONATED FOOD, A KITCHEN, LAUNDRY APPLIANCES, A COMPUTER LAB, HYGIENE ESSENTIALS, DIAPERS, CLOTHING, AND FURNITURE UPON EXIT. THE AGENCY'S RAPID REHOUSING PROGRAM PROVIDES RENTAL ASSISTANCE ALONG WITH THE DELIVERY OF SHORT-TERM CASE MANAGEMENT SERVICES TO AT-RISK RESIDENTS WHO HAVE EXPERIENCED HOMELESSNESS IN BOTH FAIRFIELD AND NEW HAVEN COUNTIES. WORKING TO MAKE HOMELESSNESS BRIEF, NEW REACH'S INTEGRATED CARE PROGRAM (ICP) IS A COLLABORATIVE EFFORT WITH YALE NEW HAVEN HOSPITAL THAT SERVES WOMEN WHO ARE HOMELESS, HAVE CO-OCCURRING DISORDERS, AND A HIGH HOSPITAL UTILIZATION. THE ICP TEAM IS PROFICIENT IN HELPING CLIENTS CONNECT WITH INNOVATIVE HOUSING OPTIONS AND SUPPORTIVE SERVICES THAT BEST MEET THEIR UNIQUE NEEDS. THE FURNITURE CO-OP HELPS THOSE EXITING HOMELESSNESS TO MAKE THEIR HOUSING A HOME BY DELIVERING GENTLY USED FURNISHINGS. CASE MANAGEMENT IN ALL PROGRAMS CONNECTS GUESTS TO NEEDED SERVICES AND RESOURCES LIKE HOUSING, ENTITLEMENTS, EMPLOYMENT, EDUCATION, FINANCIAL COUNSELING, HEALTHCARE, CHILDCARE, AND OTHER RESOURCES.
UNDER THE HOUSING UMBRELLA, NEW REACH'S SUPPORTIVE HOUSING PROGRAM (PSH) BENEFITS THOSE WHO HAVE EXPERIENCED HOMELESSNESS OR WERE AT RISK OF BECOMING HOMELESS BY COUPLING HOUSING SUBSIDIES WITH ONGOING CASE MANAGEMENT SERVICES AND SUPPORTS DESIGNED TO ACHIEVE LONG-TERM STABILIZATION MAKING HOMELESSNESS ONE-TIME. WELL-TRAINED IN MULTIPLE EVIDENCE-BASED PRACTICES, PSH STAFF FOSTER INDEPENDENCE WHILE MEETING THE INDIVIDUAL NEEDS OF HOUSEHOLDS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leo Connors Jr Board Chair | OfficerTrustee | 1 | $0 |
Alfred Smith Jr Board Member | Trustee | 1 | $0 |
Arielle Smitt Board Member | Trustee | 1 | $0 |
Payal Khandhedia Board Member | Trustee | 1 | $0 |
Jane Glassman Board Member | Trustee | 1 | $0 |
Mary Ferrari Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Litchfield Builders Buidling Contractor, Remodel Of Peck St | 6/29/21 | $1,400,449 |
Pinnacle Contracting Llc Buidling Contractor, Remodel Of Peck St | 6/29/21 | $153,252 |
Larosa Building Group Contrat Work On Martha's Place Shelter | 6/29/21 | $495,052 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $103,997 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,961,798 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,464,605 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,530,400 |
| Total Program Service Revenue | $984,841 |
| Investment income | $959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,262 |
| Net Income from Fundraising Events | $7,576 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,538,038 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $226,253 |
| Compensation of current officers, directors, key employees. | $116,211 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,823,481 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $603,565 |
| Payroll taxes | $307,339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,280 |
| Fees for services: Accounting | $35,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $423,093 |
| Advertising and promotion | $0 |
| Office expenses | $184,821 |
| Information technology | $174,037 |
| Royalties | $0 |
| Occupancy | $443,626 |
| Travel | $14,902 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $92,898 |
| Interest | $113,762 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $525,980 |
| Insurance | $151,328 |
| All other expenses | $0 |
| Total functional expenses | $8,223,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,862,671 |
| Pledges and grants receivable | $854,487 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,381 |
| Net Land, buildings, and equipment | $15,441,990 |
| Investments—publicly traded securities | $690,412 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $169,075 |
| Total assets | $19,062,016 |
| Accounts payable and accrued expenses | $920,996 |
| Grants payable | $0 |
| Deferred revenue | $482,250 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,492,396 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $96,012 |
| Total liabilities | $3,991,654 |
| Net assets without donor restrictions | $4,784,534 |
| Net assets with donor restrictions | $10,285,828 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,062,016 |
Grants Awarded
Over the last fiscal year, New Reach Inc has awarded $112,015 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY CENTERED SERVICE PURPOSE: ASSISTANCE | $80,848 |
SUPPORTIVE HOUSING WORKS PURPOSE: ASSISTANCE | $9,500 |
HOMES WITH HOPE PURPOSE: ASSISTANCE | $13,000 |
PACIFIC HOUSE INC PURPOSE: ASSISTANCE | $8,667 |